From 2013 to 2023, the German prepared meals sector exhibited fluctuating production values, peaking in 2015 at 3.67 billion Euros and reaching 3.05 billion Euros in 2023. Notable shifts include a significant drop in 2016 and 2018, followed by partial recoveries. Year-on-year variations highlight volatility, with a marked dip in 2018 (-23.99%) and a recovery by 2020 (+24.54%). The compound annual growth rate (CAGR) over the last five years (2019-2023) averaged 4.36%, indicating moderate growth despite earlier fluctuations.
Forecasts predict a steady upward trend from 2024 to 2028, with an anticipated CAGR of 1.75% and an overall expected growth of 9.07%, suggesting stable, albeit modest, expansion.
Future trends to watch for:
- Consumer preferences for healthier and more convenient meal options.
- Advancements in food technology and packaging.
- Economic factors and regulatory changes impacting supply chains.
